A bill to require the Secretary of State to seek to enter into negotiations with the Government of Ukraine for the establishment by that Government of a foreign investment review mechanism.

This bill requires the U.S. Secretary of State to negotiate with Ukraine to establish a foreign investment review mechanism, specifically targeting investments from China or Chinese-affiliated entities. The U.S. would provide assistance to Ukraine, including training for Ukrainian officials, equipment support, and consultations with U.S. experts from the Committee on Foreign Investment in the United States. It authorizes $1 million annually from 2025 through 2029 for this assistance, with the program terminating five years after enactment. The bill directly affects Ukraine’s government by supporting its development of a system to review foreign investments, mirroring U.S. processes.